Sustainability is a core part of the Electrolux business strategy. The Group aims for business growth that is high-integrity, low-environmental impact and of high value to society. The key to this is developing smarter, more accessible, resource-efficient solutions that meet people’s needs and improve their lives. It’s also about upholding high standards, values and principles wherever the company does business.
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Electrolux wants to lead its sector in sustainability. This requires clear vision, organizational alignment and global commitment. The main focus this year has been on strengthening the foundations for leadership across the Group by harnessing resources, raising awareness, and further integrating business objectives with the sustainability strategy. A value chain approach provides a helicopter view of where impacts occur, which partners need to be engaged, and how the greatest value can be created for Electrolux, its stakeholders and society at large. 2012 value chain sustainability highlightsR&DElectrolux is using an innovation triangle to extend planning horizons. A third of product development spend is now sustainability-related. SuppliersA summit was held in Thailand to engage Asian suppliers around the company’s sustainability strategy. 60% of Electrolux production is now located in growth markets. ManufacturingA Group-wide mid-term target has been set to reduce operational energy use by 15% between 2011-2015. Reducing consumption is saving SEK 300m a year in energy costs and emitting 200,000 tonnes less carbon dioxide compared to 2005. RetailersElectrolux partners with retailers to boost sales of more efficient appliances. The Green range represented 10% of sold products and 18% of gross profit. ConsumersProduct efficiency is the Group’s top priority. Between 2008-2012, fleet average efficiency for refrigerators and freezers in Europe improved by an average of 3% per year. |
Awards and recognition Dow Jones Sustainability World Index: Since 2006, Electrolux is its sector leader in the prestigious index for long-term economic, environmental and social performance. Corporate Knight’s Global 100: Included in the list of most sustainable companies.  Ethisphere: Among the list of World’s Most Ethical Companies 2012.  RobecoSAM Sustainability Yearbook 2013: Gold Class member and sector leader.  Carbon Disclosure Project: Nordic Leadership Index member.  Climate Counts: 2012-2013 sector leader. CNN and Fortune Magazine: Electrolux is included in the 2012 edition of the annual World’s Most Admired Companies list. |
